Meredith Corporation reported net earnings of $56.1 million, for its fiscal fourth quarter ended June 30, 2002. For the fourth quarter of fiscal 2001, reported net earnings were $11.9 million, or
$0.23 per share. For the fiscal year ended June 30, 2002, Meredith's reported net earnings were $91.4 million compared to $71.3 million in the previous year. Fourth quarter publishing group profit was
up to $37.0 million, compared to $34.9 million in the prior-year. Publishing revenues in the fourth quarter of fiscal 2002 were $196.7 million, versus comparable revenues of $192.3 million. The
company reported strong performances from Better Homes and Gardens and Ladies' Home Journal, which increased their strong share of women's service advertising revenues, with a combined total of 40
percent for the 12-month period ending with the July 2002 issues, up 2.5 percentage points from the prior year.
